Livingstone has advised the shareholders of Mondragón Soluciones, S.L. on the sale of its rail division, to Railtech Sufetra, S.A., the Spanish division of listed French group Delachaux.
Based in Albuixech (Valencia, Spain) Mondragón activities are focused on two sectors: water irrigation and rail. The company’s water business has a proprietary irrigation technology and is frequently involved in competitive processes for major domestic and international construction projects. In the railway sector Mondragón is focused on the design and manufacture of plastic components and fixtures for track systems, and is leader in Spain for high speed networks.
Delachaux manufactures and markets products and systems for rail networks throughout the world and it employes over 2,500 people across more than 50 divisions located in 20 countries. This acquisition provides Mondragón’s rail division with the opportunity to consolidate its wide innovative products portfolio, and to pursue further internationalisation. For Delachaux, it gives access to an innovative, plastic based, technology that is set to become the future of the rail sector.
Mondragón Soluciones CEO, Andrés Mondragón, said: “In order to build confidence with potential investors, we had to demonstrate reliability and accurate financial forecasts, a tough challenge for any company considering the current uncertain economic climate; Livingstone’s assistance and expertise was invaluable in helping us to prove this. From the transaction process, the research conducted, through to the completion of the deal, the Livingstone team worked tirelessly to ensure they achieved the shareholders objectives I want to underline the thoroughness of the work the Livingstone team achieved, as well as their flexibility and ease of adaptation to work in multidisciplinary teams, particularly with the legal team. I am very grateful for the dedication they delivered, their toughness and resistance to fatigue ensured the successful conclusion of the deal, especially as completion was during the hot August summer holidays in Spain.”
Eva Rodrigo, Director at Livingstone, commented: “We already knew the Company and the team from 2009, when we helped them to successfully restructure the Group’s debt. We have delivered another great result for the shareholders and we are convinced that the Rail team will have attractive opportunities within Delachaux. We are delighted to be able to announce this deal in a challenging economic climate.”